General Deductions-Section 37

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..... Section 37 - General - Income-tax Act, 1961 (taxmanagementindia.com) (2B) Notwithstanding anything contained in sub-section (1), no allowance shall be made in respect of expenditure incurred by an .....

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..... assessee on advertisement in any souvenir, brochure, tract, pamphlet or the like published by a political party. Q. Why such expenditure is not allowed under IT Act ? - Reply By Padmanathan Kol .....

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..... lengode - The Reply = Poornima Gupta, I think because deduction is given under section 80GGC in respect of contribution to political parties, the disallowance in Sec. 37 may be to prevent double .....

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..... benefit of the same. - General Deductions-Section 37 - Query Started By: - Poornima Gupta Dated:- 3-10-2023 Last Replied Date:- 5-10-2023 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - .....

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..... Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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